Super Absorbent Polymers Market Prognosticated For A Ravishing Growth By 2027 | Evonik Industries AG, BASF SE, LG Chemicals Ltd.
The global Super Absorbent Polymers Market will be worth USD 16.53 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the surging demand from the manufacturers of the baby diapers and the growing government initiatives to increase the applications of SAP in the agricultural products for efficient management of irrigation water.
The growing geriatric population, coupled with the rising birth rate, is expected to boost the demand for adult and baby diapers, which will increase the usage of the super absorbent polymers. The growing number of urinary incontinence cases among the geriatric population is expected to drive the product demand of the market. The increasing focus of the manufacturers on new product innovation with cost-benefits and more water retention capabilities is projected to drive the market growth in the forthcoming years.
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One of the report’s central components is the broad Super Absorbent Polymers market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report.
Key players involved in the market, such as Evonik Industries AG, BASF SE, LG Chemicals Ltd., Nippon Shokubai Co., Ltd., Sumitomo Seika Chemicals Company, Ltd, Formosa plastics Group, SDP Global Co., Ltd., Satellite Science and Technology Co., Ltd, Yixing Danson Technology, and Kao Corporation, among others.
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Key Highlights from the Report
In April 2017, a new high-performance SAP ‘FAVOR max’ was launched by Evonik Industries AG in order to make the urinary continence products and baby & adult diapers even more reliable and absorbent. The new product was launched to expand its product portfolio among customers and to remain competitive in the professional market.
Sodium Polyacrylate held the largest market share of 44.6% in the year 2019 as it is widely utilized in the production of disposable adult and baby diapers, female hygiene products, and adult urinary incontinence products.
Personal Hygiene is forecasted to grow with the fastest CAGR of 7.7% over the forecast period due to the increasing demand for disposable baby diapers owing to the rising birth rate. The growing hygiene awareness has resulted in the increasing demand for female hygiene products.
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Emergen Research has segmented the global Super Absorbent Polymers Market on the basis of Type, Application, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
Ethylene Maleic Anhydride Copolymer
Application Outlook (Revenue, USD Billion; 2017-2027)
Personal Hygiene (Sanitary napkins, Adult urinary incontinence products, Baby Diapers)
Medical (Wound Dressing)
Key questions addressed in the report:
What are the key factors driving the global Super Absorbent Polymers market?
Who are the key manufacturers in this market space?
Who are the distributors, traders and dealers of this market?
What are the market opportunities and risks affecting the performance of the vendors in the global Super Absorbent Polymers market?
What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?
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